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Problem regarding the daily compounding

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If your 10 year-old daughter's wedding is going to cost you and estimated $45,000 in 12 years, how much money should you set aside today on a saving fund earning 7% per year with daily compounding?

Reference no: EM131710463

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Problem regarding the daily compounding : If your 10 year-old daughter's wedding is going to cost you and estimated $45,000 in 12 years, how much money should you set aside today on a saving fund.
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